ValuEngine Lowers Northstar Realty Europe (NRE) to Hold

ValuEngine cut shares of Northstar Realty Europe (NYSE:NRE) from a buy rating to a hold rating in a research report released on Friday morning.

A number of other equities research analysts also recently weighed in on NRE. BidaskClub downgraded Northstar Realty Europe from a hold rating to a sell rating in a report on Wednesday, August 23rd. JMP Securities began coverage on Northstar Realty Europe in a report on Wednesday, October 4th. They set an outperform rating and a $16.50 price objective on the stock. FBR & Co began coverage on shares of Northstar Realty Europe in a research note on Tuesday, October 31st. They issued a buy rating and a $17.00 target price for the company. Finally, B. Riley reiterated a buy rating and issued a $17.00 target price on shares of Northstar Realty Europe in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $16.83.

Northstar Realty Europe (NYSE NRE) traded down $0.01 during midday trading on Friday, reaching $14.50. The company’s stock had a trading volume of 293,800 shares, compared to its average volume of 297,071. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.05 and a current ratio of 0.05. Northstar Realty Europe has a 12 month low of $10.66 and a 12 month high of $14.70.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Monday, November 20th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, November 17th. Northstar Realty Europe’s dividend payout ratio (DPR) is currently -171.42%.

In other news, major shareholder Colony Northstar, Inc. bought 99,628 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $14.54 per share, for a total transaction of $1,448,591.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Northstar Realty Europe by 589.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 171,788 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 146,856 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Northstar Realty Europe by 11.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 536,183 shares of the financial services provider’s stock worth $6,799,000 after purchasing an additional 54,018 shares during the last quarter. Bank of New York Mellon Corp raised its position in Northstar Realty Europe by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 478,763 shares of the financial services provider’s stock worth $6,071,000 after purchasing an additional 5,640 shares during the last quarter. Legal & General Group Plc raised its position in Northstar Realty Europe by 37.4% in the 2nd quarter. Legal & General Group Plc now owns 23,604 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 6,430 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Northstar Realty Europe by 186.7% in the 2nd quarter. Prudential Financial Inc. now owns 277,501 shares of the financial services provider’s stock worth $3,519,000 after purchasing an additional 180,700 shares during the last quarter. Institutional investors own 70.80% of the company’s stock.

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About Northstar Realty Europe

NorthStar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European focused commercial real estate company with primary office properties in cities within Germany, the United Kingdom and France. Its objective is to provide its stockholders with stable and recurring cash flow supplemented by capital growth over time.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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